Texas Instruments: Q3 EPS above estimates
(CercleFinance.com) - On Tuesday evening Texas Instruments unveiled Q3 2020 net profit that is down 5% at 1.
35 billion dollars, or 1.45 dollar per share, EPS that beat the consensus by nearly twenty cents.
It saw its revenues, which were particularly supported by a recovery in the automotive sector, increase by 1% to 3.82 billion dollars, with its main businesses of analog chips posting 7% growth, while embedded processing posted a 10% decline.
Regarding its outlook, the Dallas-based electronics group says that it expects EPS of 1.2-1.4 dollar, with revenue of 3.41-3.69 billion dollars for the current quarter.
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35 billion dollars, or 1.45 dollar per share, EPS that beat the consensus by nearly twenty cents.
It saw its revenues, which were particularly supported by a recovery in the automotive sector, increase by 1% to 3.82 billion dollars, with its main businesses of analog chips posting 7% growth, while embedded processing posted a 10% decline.
Regarding its outlook, the Dallas-based electronics group says that it expects EPS of 1.2-1.4 dollar, with revenue of 3.41-3.69 billion dollars for the current quarter.
Copyright (c) 2020 CercleFinance.com. All rights reserved.